Announcing Mazars’ Must-See Tax Planner for 2015/6

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Announcing Mazars’ Must-See Tax Planner for 2015/6

In the first of a new series, CateringScotland.com has once again teamed up with leading tax and accountancy advisers, Mazars, to help hospitality and catering operators to plan effectively the financial year ahead.

Over the next few months we’ll be publishing articles which will assist businesses and individuals by providing advice, hints, tips and useful dates on how to make the most of your tax position.

First up, we’ve got a diary planner of crucial dates for the forthcoming nine months, up to the end of the current tax year.

So, have your own diaries at the ready and take a few minutes to peruse this comprehensive guide to the year ahead. And watch out for July – this is a busy month and all businesses will have several accounting commitments to which they need to adhere – the first of which start today, 6th July.

Please note: the dates mentioned in this calendar are statutory deadline dates. However, where these dates fall on the weekend/statutory holidays, the respective returns/payments may need to be made on the preceding working day to ensure your returns/payment are made on or before the due date.

31st Submit 2015/15 PSA computations to HMRC by the agreed date as per the PSA

Share Schemes

6th HMRC deadline for all non-tax-advantaged employee share plans existing before 6th April 2014 to be registered online if there is a reportable event in 2014/5. (if there is no reportable event you do not need to register until there is one)

6th HMRC deadline for all new non-tax-advantaged employee share plans with reportable events in 2014/5 to be registered online

6th HMRC deadline for all non-tax-advantaged arrangement ‘Form 42’ information to report share-related benefits provided to employees in 2014/5 (HMRC will not send reminders and can now charge automatic penalties for late filing)

6th HMRC deadline for all existing and new EMI employee share plans to be registered online

6th HMRC deadline for all existing and new CSOP, SIP and SAYE employee share plans to be registered online, and for a self-certified declaration of conformity to be filed online

6th Deadline for online filing with HMRC of SIP ‘Form 39’, SAYE ‘Form 34’ and CSOP ‘Form 35’ information for 2014/5 (HMRC will not send reminders and can now charge automatic penalties for late filing)

CIS (Construction Industry Scheme)

6th Deadline for filing forms P9D, P11D, P11D( b), or substitutes for 2014/15, and for providing P11D forms for employees

19thMonthly deadline for CIS returns

22nd Online payment for CIS deadline

AUGUST

Employment

19th Monthly for Postal Payments of PAYE/Class 1 NICs

22ndMonthly deadline of electronic payment of PAYE/Class 1 NICs

CIS (Construction Industry Scheme)

19th Monthly deadline for CIS returns

22nd Online payment for CIS deadline

SEPTEMBER

Employment

19th Monthly for Postal Payments of PAYE/Class 1 NICs

22ndMonthly deadline of electronic payment of PAYE/Class 1 NICs

CIS (Construction Industry Scheme)

19thMonthly deadline for CIS returns

22nd Online payment for CIS deadline

OCTOBER

Employment

1stNew National Minimum Wage rates come into force

19thMonthly deadline for Postal Payments of PAYE/Class 1 NICs

19th Final date for postal payments to HMRC for any outstanding tax and Class 1B NICs liability – where a PSA exists

22nd Monthly deadline of electronic payment of PAYE/Class 1 NICs

31stDeadline for paper submission of Self-Assessment tax returns for the tax year 2014/15